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Brazil Resources Inc.
Summary
| Project: | Titiribi | |
|---|---|---|
| Deposit: | Cerro Vetas, Chisperos, NW Breccia | |
| Location: | Colombia | |
| Commodities: | Gold-Copper | |
| Date: | 10/28/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-10-2016: Brazil Resources Inc. announces a Resource Estimation report for its Cerro Vetas, Chisperos, NW Breccia deposit at the Titiribi project. Updated mineral resource estimate for recently acquired Titiribi project. VANCOUVER, Sept. 14, 2016 /CNW/ | |
| Resources: | (Resource, M+I): 285.8Mt @ 0.50g/t Au for 4.63Moz Au contained at project | |
| CP/QP: | [Resources]: Dr. Robert E. Cameron (Behre Dolbear & Company (USA) Inc.) | |
| ABSTRACT: | VANCOUVER, Sept. 14, 2016 /CNW/ - Brazil Resources Inc. (the "Company" or "Brazil Resources") (TSX-V: BRI; OTCQX: BRIZF) is pleased to announce the results of a National Instrument 43-101 ("NI 43-101") mineral resource estimate for Titiribi Gold-Copper Project (the "Titiribi Project" or the "Project") located in Antioquia Department, approximately 70 kilometres southwest of the city of Medellin, Colombia. Garnet Dawson, CEO, stated: "We are pleased to report this NI 43-101 resource estimate for the Cerro Vetas, Chisperos and NW Breccia, three of 9 mineralized porphyry-epithermal targets identified on the Titiribi Project. The inclusion of this resource estimate increases BRI's measured and indicated resource to 7.8 Moz gold (10.4 Moz gold equivalent) and our inferred resource to 10.3 Moz gold (12.6 Moz gold equivalent). In conjunction with advancing our existing project portfolio, the Company continues to evaluate resource-stage projects in the Americas for potential acquisition." The Titiribi Project occurs within the Mid-Cauca Porphyry Belt and consists of several near surface bulk tonnage gold-copper porphyry and associated epithermal gold systems. A total of 270 diamond drill holes, totaling 144,779 metres, have been drilled at the Titiribi Project, with nine mineralized areas identified to date. The Titiribi Project is comprised of one concession that covers an area of approximately 39.19 square kilometres. The project is located between 1,200 to 2,200 metre elevations, below the elevation of the Páramo tropical mountain ecosystems, and is road accessible by paved highway from Medellin with high power electrical lines passing within three kilometres. | |
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